This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $142k initial cash invested.
-14.31%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$3,948
Rent
-$1,690
Cashflow
Cash Flow
$3,948 income − $5,638 expenses = $1,690 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$135k
Closing costs
1%
$6,748
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,948
Total Expenses
$5,638
Mortgage P&I
94%
$3,708
Property Taxes
18%
$694
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0